HVS EMEA Hospitality Enews – Week Ending

Southern Sun Shines On Johannesburg | South African hotel company Southern Sun has announced that it is to develop a new hotel in the city of Johannesburg. The 132-room Southern Sun Hyde Park is expected to open in the city’s Hyde Park Shopping Centre in September 2009.

Kiessling’s Corner | The news from Spain by Gabriele Kiessling, HVS Analyst, Madrid. Husa Hoteles has just opened a new establishment in Leon: the four-star, 91-room Husa Abad San Antonio, which was constructed by Leocasa Inversiones SA. Hoteles Catalonia is planning to open the four-star, 70-room Catalonia Portal Angel in the centre of Barcelona at the beginning of September 2009. Oca Hoteles has announced its first hotel for the Galician city of Orense; the four-star, 45-room hotel is expected to open in 2010.

Absolute Share Price Performance Over the Past Week 25 June-2 July 2009

  • Rezidor Hotel Group – Shares rose on high volume for two consecutive days this week by 8.4%.
  • Marriott International and Starwood Hotels & Resorts – Barclays downgraded both companies to “underweight” from “equalweight”.

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